This house had 12” of water/ice in the basement... there’s a nice sump pump set up just sitting there with no power...

I'm really concerned as I purchased his power flipper 3x program and still haven't been able to get deal approved.

When we did it, we did score some great deals, but what we found was that we were visiting so many properties to understand our "strike price" (the maximimum we would pay for the property when taking into account rehab costs, hold times, interest on any debt, closing costs, real estate commissions, a contingency reserve for "unexpecteds", etc) that the math started to not make as much sense.

If a large repair or tax/insurance hike were to happen with a multi-unit than you at least have other units cash flowing (usually) which helps stabilize such unexpected costs. 

I also only make about 40k a year currently which doesn’t give me much buying power. 

@Devon Shives,Your situation has a lot of potential, but here’s a thought: A cash-out refi could work if you’re confident you can use the $30-35k effectively for your next property, but the higher rate and payment might indeed limit your borrowing power for another mortgage.Consider these alternatives:1.

Were there any unexpected hurdles during the rehab or resale process?

And the power of leverage will bring me generational wealth in about 10 years.

It puts the brakes on big power company’s power.

A "neutral" cash flow property will likely wind up negative many months/years because there's always something unexpected!